From March, there are no cannabis products.
$MRNJ Adds Cannabis Subsidiary
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Metatron, Inc.
DOVER, DE -- Mar 27, 2017 -- InvestorsHub NewsWire -- Metatron, Inc. (OTC PINK: MRNJ) is thrilled to announce that the board of directors have agreed upon making Canniboids a wholly owned subsidiary. This will allow cannabis investors to solely invest and grow Canniboids during this market surge. Also, the company plans to release Canniboids' new website along with the app revamp this 4/20. Metatron believes that the additional website will give users more options of distributors for cannabinoid based products and increase the usage for Canniboids' service.
The $1,000,000 Reg A capital raise, will use the company's Series B Preferred Shares and is expected to be completed in three phases. Each phase will represent its own discounted percentage, giving initial investors the advantage. The fund will provide non-toxic funding to assist in the development and maintenance of Canniboids as well as assist in the consolidation of past legacy debt to provide for a more stable market. More details of the Reg A raise will be released in the very near future.
Joe Riehl, CEO of Metatron, says, "Our main focus is producing a quality Cannabis product for this rapidly growing industry. Isolating Canniboids as its own subsidiary, will ensure it receives the much needed support to be a front runner in the CBD market. This year, analysts expect the cannabis market to produce $6.7B of new wealth, by 2020, Bank of America and Merrill Lynch estimate that will grow to $35 billion a year, and the New York Times describes what's taking place as a gold rush. Metatron is eager to take advantage of this opportunity."
